RBI Grade B Notification 2024 Out, Eligibility Criteria & Fee, Merit List & Cut Off, Direct Link @opportunities.rbi.org.in

RBI Grade B Notification 2024- To fill the posts of Officers in Grade ‘B’ (DR)–General, DEPR, and DSIM, the Reserve Bank of India publishes the RBI Grade B Notification each year. The RBI Grade B 2024 Notification is anticipated to be published in February 2024 based on the pattern from the previous year. In order to pass the RBI Grade B 2024 Exam, candidates must first fully understand the eligibility requirements, selection procedure, exam pattern, syllabus, and other topics included in the text below. The formal circular for the hiring of Grade B officers by SBI is expected to be announced in April or May 2024. Following that, interested parties will be able to apply online at the relevant portal.

The issuance of the RBI Grade B 2024 Notification is anticipated for March or April of that year. Until then, the 2024 Notification can provide applicants a general picture of the RBI Grade B Exam. Additionally, candidates should be aware that they now have enough time to adequately prepare for the RBI Grade B 2024. Read the blog post in its entirety to learn about the dates, format, curriculum, and other details.

RBI Grade B Notification 2024

Those looking for work with the Reserve Bank of India in Grade B positions should be aware that an application window will open for four weeks after the announcement, which is expected to be ready by the first quarter of 2024. Candidates who meet the eligibility requirements should be aware that, following the notice, they may apply online at https://opportunities.rbi.org.in/. The aforementioned site will also be opened for those who wish to apply online for this recruitment programme.

The RBI Grade B 2024 Notification is posted on the Reserve Bank of India’s official website, www.rbi.org.in. Candidates must successfully complete Phase I, Phase II, and the interview phases of the recruiting procedure in order to be chosen as RBI Grade B Officers. In order to guarantee a certain shot selection, candidates should start preparing for RBI Grade B 2024 at this time. As we will be providing the most recent information on the RBI Grade B 2024 Notification, candidates should bookmark this page.

RBI Grade B Notification 2024

RBI Grade B Notification 2024 Details

Country India
Organization RBI
Post Name Grade B
Vacancies To be released
Notification April/May 2024
Application Form Available Soon
Category Notification
Official Website https://opportunities.rbi.org.in/
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About Reserve Bank of India

On April 1st, 1935, the Reserve Bank of India was established in response to post-World War I economic difficulties. In The 1926 Royal Commission on Indian Currency and Finance, popularly known as the Hilton Young Commission, made recommendations that became the foundation for the bank. These regulations were eventually enacted as the RBI Act 1934 by the Central Legislative Assembly. The first colony with a central bank of its own was India. The East India Company Double Mohur, with its illustration of a lion and palm tree, was the original contender for the RBI seal. But the tiger, India’s national animal, was chosen to take the place of the lion.

The RBI’s Preamble outlines its core duties, which include controlling banknote issuance, maintaining reserves to ensure monetary stability in India, and generally running the credit and currency systems in the nation’s best interests. The RBI’s Central Office was first located in Calcutta, or Kolkata, but was later relocate to Bombay, or Mumbai, in 1937. Despite Burma’s 1937 separation from the Indian Union, the RBI continue to function as the country’s central bank until April 1947 (with the exception of the years of Japanese occupation, 1942–45). Burma is now known as Myanmar. The bank operated as Pakistan’s central bank following the division of India in August 1947 until June 1948, when the State Bank of Pakistan was established.

Reserve Bank of India Grade B Eligibility 2024

The Reserve Bank of India’s guidelines for Grade B officials’ age and educational requirements are as follows.

Posts Educational Qualification Age Limit 
Officers in Grade ‘B’ (DR)–(General) Graduation in any discipline/Equivalent technical or professional qualification with a minimum of 60% marks (50% for SC/ST/PwBD applicants) or Post-Graduation/Equivalent technical qualification with a minimum of 55% marks (pass marks for SC/ST/PwBD applicants) in aggregate of all semesters/years. Between 21 and 30 years
Officers in Grade ‘B’ (DR)–DEPR Master’s Degree in Economics/Econometrics/Quantitative Economics/Mathematical Economics/Integrated Economics Course/Finance, with a minimum of 55% marks or an equivalent grade. Between 21 and 30 years
Officers in Grade ‘B’ (DR)–DSIM Master’s Degree in Statistics/Mathematical Statistics/Mathematical Economics/Econometrics/Statistics & Informatics from IIT-Kharagpur/Applied Statistics & Informatics from IIT-Bombay with a minimum of 55% marks or equivalent grade. Between 21 and 30 years

According to government regulations, there will be an upper age relaxation for designated groups.

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RBI Grade B Notification Out

The Reserve Bank of India (RBI) has released the official notification for the Grade B Officer recruitment exam. The RBI Grade B exam is a highly competitive exam, and candidates must meet certain eligibility criteria to apply. The notification contains all the essential details such as exam dates, syllabus, selection process, and application procedure. Candidates are advised to read the notification thoroughly before applying for the exam.

RBI Grade B Online Website Link

The RBI Grade B Online Website Link is a crucial resource for individuals preparing for the Reserve Bank of India’s Grade B examination. It provides access to important information such as exam dates, syllabus, eligibility criteria, and application forms. Additionally, the website may also contain study materials, previous years’ question papers, and mock tests to help aspirants prepare effectively for the exam. It is recommended that candidates regularly visit the website for updates and notifications related to the exam.

RBI Grade B Merit list

The RBI Grade B Merit List is a compilation of the names of candidates who have successfully cleared all the stages of the RBI Grade B exam. The Reserve Bank of India (RBI) releases the merit list on its official website, and it contains the roll numbers or registration numbers of candidates who have secured enough marks to qualify for the next stage. The merit list is an essential document for candidates as it helps them determine their chances of being selected for the post of RBI Grade B Officer. Additionally, it also provides transparency in the recruitment process and ensures that only deserving candidates are selected for the job.

RBI Grade B Cut Off

The RBI Grade B Cut Off is the minimum score required to qualify for the next round of the RBI Grade B examination. The cut off varies every year and depends on factors such as the difficulty level of the paper, the number of candidates appearing for the exam, and the number of vacancies available. Candidates who score above the cut off are eligible to move to the next stage of the selection process, while those who score below it are eliminated. It’s essential to keep an eye on previous year’s cut-offs to estimate this year’s cut-off accurately.

RBI Grade B Fee 2024

In order to apply online for a Grade B position with the Reserve Bank of India, a candidate must provide the necessary payment, the specifics of which are shown below.

Category Fee
General/OBC Rs. 850/-
SC/ST/PWD Rs. 100/-
Staff@RBI Nil

The application cost can be paid by debit card, credit card, NET banking, or UPI for candidates.

Reserve Bank of India Grade B Selection Process 2024

The Reserve Bank of India has three steps in its selection procedure for Grade B officials. They are as follows.

  • Prelims
  • Mains
  • Interview

Those who pass the first round of the selection process will be invite to the second, or Mains, round. Those who pass both rounds will be invite to the final round, or Interview.

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RBI Grade B Notification 2024 – Important Dates

To be eligible to take the test, you must complete the online application.

Important Events Dates (Expected)
Commencement of online registration of application March/April 2024
Closure of registration of application April/May 2024
Closure for editing application details April/May 2024
Last date for printing your application April/May 2024
Online Fee Payment April/May 2024
RBI Grade B Exam Date 2024 for Phase 1 June/July 2024
RBI Grade B Exam Date 2024 for Phase 2 July 2024

RBI Grade B Vacancy 2024

The Reserve Bank of India has not yet made public the number of openings for Group B positions for the year 2024; last year, there were 291 openings in total. You may view the post-by-post reservation data below.

Posts Category Total
UR SC ST OBC EWS
Officers in Grade ‘B’ (DR)–(General) 109 25 17 49 22 222
Officers in Grade ‘B’ (DR)–DEPR 14 04 06 (04) 11 03 38
Officers in Grade ‘B’ (DR)–DSIM 09 08 (05) 05 (05) 06 03 31
Total 132 37 28 66 28 291

We shall update the information in the table as soon as the Reserve Bank of India formally releases the notice for the year 2024.

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RBI Grade B Exam Pattern 2024

Details about the exam pattern for the Reserve Bank of India’s Grade B officer position are provide below.

Prelims 

  • Sections: General Awareness, Quantitative Aptitude, English Language & Reasoning
  • Number of Questions: 200
  • Maximum Marks: 200
  • Duration: Composite time of 2 hours
  • Note: Candidates must receive the require minimum scores both individually and overall for each test.

Mains 

Paper I: Economics and Social Issues

  • Type: 50% Objective Type, 50% Descriptive (to be typed with the help of the keyboard)
  • Maximum Marks: 100 (50 for Objective Type, 50 for Descriptive)
  • Duration: 90 minutes (30 minutes for Objective Type, 60 minutes for Descriptive)

Paper II: English (Writing Skills)

  • Type: Descriptive (3 questions)
  • Maximum Marks: 100
  • Duration: 90 minutes

Paper III: Finance and Management

  • Type: 50% Objective Type and 50% Descriptive
  • Maximum Marks: 100 (50 for Objective Type, 50 for Descriptive)
  • Duration: 90 minutes (30 minutes for Objective Type, 60 minutes for Descriptive)

Reserve Bank of India Grade B Negative Marking

Examining for the RBI Grade B Phase 1 gets a bad marking. Each erroneous or wrong response will result in the deduction of one-fourth of the marks allotted to that question.

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RBI Grade B Phase 2 Exam Pattern

There are three papers in the RBI Grade B Mains exam: Paper 1, Paper 2, and Paper 3. While Paper 2 is entirely descriptive, Papers 1 and 3 contain both objective and descriptive questions. Below is a tabular presentation of the detailed format.

For the General Posts

Papers Type of test Total Marks Duration
Paper 1 – Economic and Social Issues 50% Objective Test (30 objective questions)
50% Descriptive Test (6 descriptive questions out of which 4 need to be answer)
50 marks
50 marks
30 mins
90 mins
Paper 2 – English (Writing Skills) Descriptive Test 100 marks 90 mins
Paper 3 – Finance and Management 50% Objective Test (30 objective questions)
50% Descriptive Test (6 descriptive questions out of which 4 need to be answer)
50 marks
50 marks
120 minutes

RBI Grade B Interview

The interview phase of the selection procedure is the last one. Examine the following factors about the interview phase:

  • Applicants will be select for an interview base on their combined Phase 2 scores (Paper 1 + Paper 2 + Paper 3).
  • The Board will select the minimal cumulative cut-off score in proportion to the number of openings in order to qualify for an interview.
  • The interview will carry seventy-five points.
  • Prior to the interview, the candidate must complete a psychometric test administer by the bank. This will not be include in the final selection criterion, nor will any marks be award for it.
  • Applicants might choose to have an English or Hindi interview.

Note: The final selection process will involve creating a merit list by aggregating the marks that candidates receive from the Phase 2 exam, the interview, and any appropriate grace points in accordance with current regulations.

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Reserve Bank of India Grade B Notification 2024 – Salary

The monthly pay of an RBI Grade B officer is list below. Kindly have a look. According to the most recent wage revision for the RBI Grade B salary, the gross monthly emoluments would be around Rs 1.08 lakhs, and the base pay will now be Rs 55,200/-per month on the scale of Rs. 55200 – 2850 (9) – 80850 – EB – 2850 (2) – 86550 – 3300 (4) – 99750 (16 years).

RBI Grade B Salary Structure 2024

View the compensation summary in the following table:

Particulars Salary Structure
RBI Grade B Officer’s Basic Pay Rs 55,200/- p.m.
Payscale for an RBI Grade B Officer Rs. 55200 – 2850 (9) – 80850 – EB – 2850 (2) – 86550 – 3300 (4) – 99750 (16 years)
RBI Grade B Salary – Allowances Given i. Dearness Allowance,
ii. Local allowance,
iii. House Rent Allowance,
iv. Family allowance and
v. Grade Allowance
The gross monthly emoluments for an RBI Grade B Officer Rs 1.08 Lakhs approximately.

The in-hand remuneration for an RBI Grade B employee is roughly Rs 80,000/-. Despite receiving a gross monthly remuneration of Rs. 1.08 lakhs and a base wage of Rs. 55, 200 per month, RBI Grade B officers continue to get other perks and benefits, increasing their gross compensation to Rs. 2 lakhs per month.

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How to Apply for RBI Grade B Recruitment 2024 Online?

1. Access the RBI’s official website at opportunities.rbi.org.in.

2. Go to the area labelled “Recruitment of Officers ‘Grade B’ 2024.”

3. To register and create a new account, click the “Registration” link.

4. After a successful registration, log in using your login information.

5. Fill out the application form with the necessary personal information.

6. Upload the require files in accordance with the application specifications.

7. Use one of the available payment methods to pay the application cost, then submit the form.

Announce RBI Grade B Notification

The Reserve Bank of India (RBI) has announced the latest Grade B notification for interested candidates. Aspiring candidates can visit the official RBI website to access more information about the selection process, eligibility criteria, and application deadlines. The Grade B exam is a highly competitive exam that attracts a large number of applicants every year. Therefore, it is important to stay updated with the latest information regarding the exam dates and syllabus to prepare effectively.

Discrepancy In RBI Grade B Notification

The RBI Grade B Notification is an important document for candidates preparing to apply for the post of Grade B Officer in the Reserve Bank of India. However, there have been instances where discrepancies have been found in the notification, causing confusion among aspirants. It is essential to carefully read and understand the notification to avoid any misunderstandings. In case of any doubts or discrepancies, candidates should reach out to the RBI officials for clarification. It is advisable to keep track of updates related to the notification on the official website of RBI.

RBI Grade B Next Year Exam Important Information

The Reserve Bank of India (RBI) Grade B examination is one of the most prestigious exams conducted for aspirants looking to make a career in banking. The exam is held every year, and the notification for the same is usually released in the month of September or October. Candidates have to clear three phases – Preliminary, Main, and Interview – to secure a position as an RBI Grade B officer. The exam syllabus covers topics such as economics, finance, management, and quantitative aptitude. Additionally, candidates must also stay updated on current affairs and financial news to crack this highly competitive exam.

RBI Grade B Notification 2024 FAQ’S

Will there be RBI exam in 2024?

Eligible candidates can start applying for the RBI Grade B exam from March/April 2024 at https://www.rbi.org.in/.

Does RBI Grade B notification come every year?

RBI holds exams each year to fill a variety of positions. The RBI Grade B and RBI Assistant are the two most well-liked tests that the top bank administers. A position with RBI is seen as quite prestigious. Consequently, a large number of people apply to take the numerous tests that the bank offers.

Will RBI Assistant come in 2024?

It is anticipated that the RBI Assistant 2024 notice would be made public in March 2024. But remember, this is only an estimate, and the real release date can be different. The Reserve Bank of India (RBI) holds the RBI Assistant test once a year to select candidates for the Assistant positions in its different offices.

Which degree is best for RBI Grade B?

Any one of the following must be present: (A) A Master's degree in Economics, Econometrics, Quantitative Economics, Mathematical Economics, Integrated Economics Course, or Finance from an accredited Indian or international university, with a minimum of 55% marks or an equivalent grade overall across all semesters and years.

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